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US Seeding, Canada is Dry and watch the overall economy
Monday, May 9, 2022 at 3:21:51 p.m. UTC
Top 3 – Things to Watch this week:
1. USA and Canadian Seeding progress. If slow, it is estimated the US corn yield will be impacted after this week.
2. S&P 500 has broken through 4200 which is a major support and resistance line. If S&P 500 stays down market becomes bearish sentiment.
3. Moisture levels in Canada. Southern Alberta is very dry. Most of Saskatchewan is in poor shape. Farmers are starting to get concerned.
This week’s Action Item:
Get the crop in the ground. Stay safe. Have a good time.
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